U.S. uniform supplier Cintas Corp’s first quarter net profit jumps 10%

Cintas Corporation, a US-based uniform supplier, reported 8.6% revenue growth to $ 1.9 billion in the first quarter (Q1) of FY22 ended August 31 2021, compared to the corresponding period of the previous fiscal year. Net income for the three-month period increased 10.4% to $ 331.2 million (Q1 FY21: $ 300.0 million).

Cintas Corporation, a US-based uniform supplier, reported 8.6% revenue growth to $ 1.9 billion in the first quarter (Q1) of FY22 ended August 31 2021, compared to the corresponding period of the previous fiscal year. Net income for the three-month period increased 10.4% to $ 331.2 million (Q1 FY21: $ 300.0 million).

“We are satisfied with our start of fiscal year 2022. I am proud of the performance of our employee-partners. They continue to navigate a volatile environment with a focus on providing businesses with the products and services needed to help our customers prepare for the workday. I look forward to another successful fiscal year ”, Todd Schneider, President and CEO of Cintas, said in a statement.

Cintas Corporation, a US-based uniform supplier, reported 8.6% revenue growth to $ 1.9 billion in the first quarter (Q1) of FY22 ended August 31 2021, compared to the corresponding period of the previous fiscal year. Net income for the three-month period increased 10.4% to $ 331.2 million (Q1 FY21: $ 300.0 million).

Gross margin for the first quarter of FY22 increased to $ 902.8 million ($ 826.2 million), while operating profit increased 12.7 percent to 394.1 million dollars ($ 349.1 million).

Cintas Corporation, a US-based uniform supplier, reported 8.6% revenue growth to $ 1.9 billion in the first quarter (Q1) of FY22 ended August 31 2021, compared to the corresponding period of the previous fiscal year. Net income for the three-month period increased 10.4% to $ 331.2 million (Q1 FY21: $ 300.0 million).

“We are increasing our financial guidance for fiscal year 2022. We are increasing our annual revenue forecast from a range of $ 7.53 billion to $ 7.63 billion to a range of $ 7.58 billion to 7, $ 67 billion and diluted EPS ranging from $ 10.35-10.75 to $ 10.60-10.90, ”Schneider concluded.

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